A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Do not round your intermediate calculations.) Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage. Dollar amount Residual income $ $ Company A 380,000 157,000 18 % 13 % $ $ $ Company B 670,000 39,000 21% 58,000 % Company C $ 570,000 $ $ 157,000 % 9% 7,000
A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Do not round your intermediate calculations.) Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return: Percentage. Dollar amount Residual income $ $ Company A 380,000 157,000 18 % 13 % $ $ $ Company B 670,000 39,000 21% 58,000 % Company C $ 570,000 $ $ 157,000 % 9% 7,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject:accounting
Transcribed Image Text:A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector
industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Do not round your
intermediate calculations.)
Sales
Net operating income
Average operating assets
Return on investment (ROI)
Minimum required rate of return:
Percentage
Dollar amount
Residual income
$
$
Company A
380,000
157,000
18 %
13 %
$
$
$
Company B
670,000
39,000
21 %
58,000
%
$
$
$
Company C
570,000
157,000
%
9 %
7,000
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